ADAG plans to invest Rs.70,000 crore in MP

ADAG chairman Anil Ambani said the group would invest Rs 70,000 crore over the next five years in various sectors making it the largest investor in Madhya Pradesh. Speaking at a Global Investors’ Summit, he said that his group would invest in sectors like power, mining, cement, Coal Bed Methane (CBM) and telecommunication. The state’s plan outlay over the next five years would be Rs 1,00,000 crore whereas RADAG’s investment in the same period would be over Rs 70,000 crore, he pointed out. Giving details about the slew of projects the group has chalked up, the Reliance Anil Dhirubhai Ambani Group chairman said it would set up 12,000 MW power plant, using ultra super-critical technology. In case of coal, he said the group would develop the country’s largest private sector mine in the state with a production capacity of 25 million tonnes of coal per annum.

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